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Global 5G Chipset Market Report 2020-2027: Focus on Application-Specific Integrated Circuits, Radio Frequency Integrated Circuit, Millimeter Wave Technology Chips, Cellular Integrated CircuitDUBLIN, April 22, 2021 /PRNewswire/ -- The "5G Chipset Market Share, Size, Trends, Industry Analysis Report, By IC Type; By Vertical; By Frequency Type; By Processing Node; By Deployment Type; By Region - Segment Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering. The global 5G Chipset market size is expected to reach USD 28.79 billion by 2027 5G Chipset is a set of integrated circuits and its implementation is dependent upon several components & specifications. The telecom service providers are switching to 5G cellular networks which is highly depends on denser arrays of short sized antennas that offer ultra-high data speeds. Surge in usage of digital devices, in which mobile devices is being the preferred device through which customers can consume online media including audio and video streaming, file sharing applications, among others. However, it has been a compelling factor to adopt 5G technology for higher consistency & lower latency in comparison to the previous technologies in the market. The demand from the automotive sector is expected to increase during the forecast period. Increasing development of connected cars, and investments in research and development of smart and self-driving cars boosts the market growth. Use of 5G and IoT in transportation sector for fleet management, parking management, logistics management, and automotive analytics result in improved traffic management, optimized fuel usage, and efficient travel routes. The adoption of 5G chipsets would provide a more connected and smarter world, enabling high speed data services, increased productivity, and improved overall efficiency. These circuits enable collaboration between connected industrial ecosystems, humans, and machines leading to greater productivity and more engaging work experiences. Asia-Pacific accounted for a significant share of the global 5G chipset market in 2019. The rising adoption of smart technologies, IoT, automation, and artificial intelligence across industries such as retail, healthcare, transportation, and manufacturing boost the market growth in Asia-Pacific. Growing population, rising penetration of mobile device, and integration of smart technologies for increased operational efficiency supports market growth. There have been have significant investments in development of 5G enabled networks to support the emerging industries such as telecommunication, automotive, and energy & utilities in the region. Some of the major market participants include Texas Instruments Inc., Cavium Inc., Anokiwave Inc., Samsung Electronics Co., Ltd., IBM Corporation, Infineon Technologies AG, Nokia Corporation, Huawei Technologies Co. Ltd., MediaTek Inc., Xilinx Inc., Broadcom Inc., Qualcomm Incorporated, Qorvo, Inc., Unisoc Communications, Inc., Integrated Device Technology, Intel Corporation, Renesas Electronics Corporation, NXP Semiconductors NV, and Analog Devices Inc. For instance, Nokia and Broadcom has collaborated on the development of silicon technology processor by expanding range of 5G ReefShark chipsets portfolio. Power consumption is also reduced in ReefShark chipsets. Recently, Taiwanese based chipmaker MediaTek Inc. launched Dimensity 720 5G chipset fully integrated into 7 nm SoCs (system-on-chips) for premium 5G experience for mid-range smartphones while supports both standalone and non-standalone sub-6GHz networks. Owing to technological advancements, and growing need to improve secure communication, companies operating in the market are collaborating in order to retain the customers and gain market share. Broadening of product portfolio is another trend that is visible in the industry. Market Dynamics Drivers and Opportunities
Restraints and Challenges
Porter's Five Forces Analysis PESTLE Analysis 5G Chipsets Market Industry trends The analyst has segmented the 5G chipset market report on the basis of processing node type, frequency type, IC type, deployment type, vertical, and region.
5G Chipset Frequency Type Outlook (Revenue-USD Million, 2019-2027)
5G Chipset IC Type Outlook (Revenue, USD Million, 2019-2027)
5G Chipset Deployment Type Outlook (Revenue-USD Million, 2019-2027)
5G Chipset Vertical Outlook (Revenue-USD Million, 2019-2027)
5G Chipset Regional Outlook (Revenue-USD Million, 2019-2027)
For more information about this report visit https://www.researchandmarkets.com/r/5fnh2e Media Contact: Research and Markets SOURCE Research and Markets |